Property James Max 15 May 2019 Read on Looking to buy your first London home? Go west, not east! James Max Yes. But hang on, it’s not that simple is it? Everything and everyone is being disrupted by tech. There is no certainty that house prices will continue to rise and you need to have your wits about you. Fees can be expensive and you could avoid paying them by going online. But are these savings genuine? And are you just as likely to sell your house? I’ll declare my hand. Until recently I was on the UK Board of one of the largest firms of UK Property advisors. My firm bought a partnership that although commercially focussed has a very well-known brand of estate agency under its wing. In addition, back in 2006, along with a friend of mine I invested in a firm that set out to disrupt the market by offering a fixed fee selling model, not unlike the one used by Purple Bricks. It did not end well, and I learnt some important lessons. Here are four factors … [Read more...] about Should you use an estate agent?
Fees you pay when selling your house
PUBLISHED: 17:01 09 May 2019 | UPDATED: 17:01 09 May 2019 Sharron Tennant New legislation on reservations agreements comes into force across the UK this year. Picture: GETTY IMAGES Archant Sharron Tennant from Spire Solicitors LLP discusses some new government legislation on reservation agreements, coming into force in 2019. If there's one thing that infuriates house sellers it's a buyer pulling out at the last moment without a good reason. However, the Government has stepped in and announced that 2019 will see a trial for reservation agreements whereby buyers who pull out of a transaction just because they 'didn't like the colour of the bathroom' will face consequences, which could prove costly.As part of the trial, the government will be commissioning 'behavioural insight' research to identify the parameters of the agreement so they are fair to both sellers and buyers, and not weighted too heavily in favour of the seller. This is to ensure buyers don't … [Read more...] about Do you have reservations over reservations agreements?
TOYS from our childhood bring back feelings of nostalgia and (hopefully) happy memories, but what if they're also worth a lot of money? The Sun has taken a look at our favourite toy brands from the past few decades, and some are selling for eye-watering prices on eBay. According to 21st century collectables expert, Tracy Martin, the British market for vintage toys is one of the best in the world. Luckily, it's possible for you to get in on the action - simply check the attic, raid your parents' basement or go through your little ones' toys for any secret treasures. If you spot something you believe could be worth more than you bought it for, do your research and then consider selling it. If the toy is in good shape and you have the original packaging, it adds about 30 per cent to the toy's value, Ms Martin of Collectablesexpert.co.uk, told The Sun. How to spot if you have a hidden treasure at homeTHE Sun asked collectables expert Tracy Martin for her best tips on how you can get in on … [Read more...] about My Little Pony, Barbie and Game Boy toys are selling for up to £1,200 on eBay – here’s how you can cash in
1 Read comments Thursday, 7 February 2019 - Property Thinking of selling your house in 2019? Here’s what you need to know. â€¢ What’s my house / property worth?â€¢ How is it going to be marketed?â€¢ Will I receive detailed, honest feedback?â€¢ How much will I get and;â€¢ What will it cost me?So, given you’ve some pretty important questions, how do you go about getting the answers?1. Call estate agentsSpeak to estate agents and talk to at least three of them. Ask each agent to give you their opinion of the market value and what they propose as a listing price. Each agent should be able to justify the prices provided using supportive sales of similar properties. Then ask the agent to present a comprehensive marketing plan that explains what they’ll do to market your home. How are they going to sell it? What service will you receive? Be sure to ask what their fees will be at this … [Read more...] about Property column: Want to sell your home? Here’s how…
HUNDREDS of thousands of interest-only mortgages are due to come to an end over the next two years, leaving people to pay off their loans in full. The financial watchdog has warned that "significant numbers" of people could lose their homes as a result. The Financial Conduct Authority (FCA), along with Experian, has calculated that approximately 81,400 of these deals will come to an end this year, with a further 82,100 ending in 2019. The total value of the mortgages coming to an end in the next twelve months is £9.2billion, meaning homeowners owe over £113,000 each on average. Anyone whose mortgage comes to an end will need to come up with the money or negotiate another deal with their provider - otherwise their home could be repossessed. If your agreement is ending soon and you don't have the savings to pay it all off at once, you need to come up with a plan - fast. Back in 2015, lenders were told they had to contact any customers whose loans expired before 2020, but the … [Read more...] about What to do when your interest-only mortgage ends as 81,000 set to finish this year